How to Lend Fantom (FTM) in the UK

Introduction

Lending Fantom can be an excellent option for those who wish to hold FTM while earning a yield. The steps may seem a bit daunting, particularly the first time you undertake them. That's why we've compiled this guide for you.

Step-by-Step Guide

1. 1. Obtain Fantom (FTM) Tokens

   To lend Fantom, you need to possess it. To obtain Fantom, you'll need to purchase it. You can choose from these popular exchanges in the UK.

   Platform	Coin	Price
   Nexo	Fantom (FTM)	0.47
   PrimeXBT	Fantom (FTM)	0.68
   Uphold	Fantom (FTM)	0.68
   Kraken	Fantom (FTM)	0.57
   OKX	Fantom (FTM)	0.69
   Binance	Fantom (FTM)	0.7

   View all 43 prices

2. 2. Choose a Fantom Lender in the UK

   Once you have FTM, you'll need to choose a Fantom lending platform to lend your tokens. You can see some options here.

   Platform	Coin	AER
   Nexo	Fantom (FTM)	Up to 7% AER
   Nebeus	Fantom (FTM)	Up to 13% AER
   Gemini	Fantom (FTM)	Up to 0.01% AER

   View all 6 loan rates

3. 3. Lend Your Fantom

   Once you've chosen a platform to lend your Fantom, transfer your Fantom into your wallet on the lending platform. Once it's deposited, it will start earning AER. Some platforms pay interest daily, while others do so weekly or monthly.

4. 4. Earn AER

   Now all you need to do is sit back while your cryptocurrency earns interest. The more you deposit, the more interest you can earn. Try to ensure your lending platform pays compounding interest to maximise your returns.

What to Be Aware Of

Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Do not lend more than you are prepared to lose. Review their lending practices, customer feedback, and the measures they take to secure your cryptocurrency.